LiqTech International Reports 53.6% Revenue Growth to $3.8 Million in Q3 2025

LiqTech International, Inc. reported significant financial results for the third quarter of 2025, with revenues reaching $3.8 million, a 53.6% increase from $2.5 million in the same period last year. For the nine months ending September 30, 2025, total revenue was $13.4 million, up 19.5% from $11.2 million in 2024. The increase in revenue was primarily driven by higher sales of liquid filtration systems, particularly pool systems and plastics products, although this was partially offset by a decline in diesel particulate filter (DPF) deliveries. The company achieved a gross profit of $747,878 for the quarter, compared to a gross loss of $209,533 in Q3 2024, marking a substantial improvement in gross profit margin from -8.5% to 19.6%.

Operating expenses for the third quarter decreased by 12.6% to $2.1 million, down from $2.4 million in the prior year. This reduction was attributed to lower selling expenses and general administrative costs, which fell by 11.4% and 14.8%, respectively. The company reported a net loss of $1.5 million for the quarter, a significant improvement from a net loss of $2.8 million in Q3 2024, reflecting a 48.6% reduction in losses. For the nine-month period, the net loss was $6.0 million, down from $7.3 million in the previous year, indicating a continued trend of narrowing losses.

In terms of strategic developments, LiqTech established a joint venture in January 2025, Nantong JiTRI LiqTech Green Energy Technology Co., Ltd., focusing on marine water treatment systems in China. This venture is expected to enhance the company's market presence in Asia and leverage its technology for new applications. The company also reported an increase in its employee headcount, reflecting its commitment to expanding operations and enhancing its research and development capabilities.

Geographically, LiqTech's sales were primarily concentrated in Europe, which accounted for approximately 78% of total revenue, followed by the Americas and Asia-Pacific. The company noted that approximately 95% of its assets were located in Denmark as of September 30, 2025. The increase in customer accounts and improved inventory management contributed to a decrease in cash used in operating activities, which was $4.0 million for the nine months ended September 30, 2025, compared to $5.5 million in the same period last year.

Looking ahead, LiqTech remains cautiously optimistic about its growth trajectory, although it acknowledges potential risks from macroeconomic uncertainties, geopolitical tensions, and supply chain disruptions. The company believes that its current cash reserves and operational cash flow will be sufficient to meet its capital requirements over the next 12 months. However, it also recognizes the possibility of reduced demand for its products due to external market conditions, which could impact future performance.